micromobility.com Inc.

micromobility.com Inc.

micromobility.com Inc. was originally formed through the 2021 merger of Helbiz Inc. and a special-purpose acquisition company, bringing a shared electric scooter and bike business onto the Nasdaq under CEO Salvatore Palella. The company's operational history spans vehicle rentals, ghost-kitchen delivery services, and a streaming-media experiment, none of which achieved sustained revenue scale. Following years of declining share price, the firm divested its core mobility businesses in 2023, exiting the scooter and bike markets entirely, per SEC filings and public disclosures. The firm's remaining posture is that of a publicly traded shell with no active operating businesses. In early 2024, micromobility.com Inc. announced a plan to acquire a stake in a private company in the electric-vehicle charging sector, but the transaction had not closed by mid-2024, leaving the firm without a clear revenue-generating asset or deployment track record. Its geographic footprint was historically concentrated in Italy and the United States during the Helbiz operating phase; post-divestiture, the entity has no known operational presence or direct investments. As of its most recent filings, the company maintains a nominal public listing on the Nasdaq with a market capitalization just above $600,000, per market data from early 2025. The workforce has been reduced to a skeleton crew, and the firm does not publish deployment figures, an AUM number, or a strategy document. There are no known affiliated family-office vehicles, philanthropic foundations, or co-investment clubs. In March 2024, the company received a delinquency notice from Nasdaq for failing to file its annual report on time, highlighting ongoing governance challenges. micromobility.com Inc. is structurally unusual: a public-company remnant rather than an operating business or a private investment office. Unlike most entities profiled on Altss, this firm lacks a capital base to deploy; it functions as a distressed vehicle whose primary activity is negotiating reverse-merger or acquisition transactions. An allocator encountering this name should treat it as a corporate shell, not an active investor.